Ascentis Independent Advisors Acquires New Position in Edison International $EIX

Ascentis Independent Advisors acquired a new stake in Edison International (NYSE:EIX) during the 1st quarter, HoldingsChannel reports. The firm acquired 7,292 shares of the utilities provider’s stock, valued at approximately $534,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its stake in shares of Edison International by 949.8% during the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after acquiring an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Edison International by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after acquiring an additional 220,785 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Edison International by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock valued at $108,204,000 after acquiring an additional 94,727 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Edison International by 128.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after purchasing an additional 13,375 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 1.4%

Shares of Edison International stock opened at $74.69 on Thursday. Edison International has a 1 year low of $49.88 and a 1 year high of $76.39. The company’s fifty day simple moving average is $71.63 and its 200-day simple moving average is $68.99. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.31 and a beta of 0.66. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company earned $1.37 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts expect that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.7%. Edison International’s dividend payout ratio is currently 38.11%.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the sale, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Truist Financial lowered their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Finally, Bank of America lowered their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.64.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.